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Wednesday, July 31, 2013

Rupert Murdoch's divorce from Wendi Deng

Wendi Deng has hired top attorney William Zabel to handle her divorce after interviewing eight other candidates.  But naturally, her husband Rupert has some big guns behind him too - he's chosen lawyer and personal friend Pamela Sloan but Ira Garr and Gerson Zweifach, his legal advisers to News Corp and Fox, will also be in his corner.

Divorce is a very expensive step to take as Mr Murdoch already knows - it cost him $1.7 billion to divorce his second wife Anna, one of the most expensive divorces ever.

Murdoch was smart enough to get Miss Deng to sign a pre-nuptial and two post-nuptial agreements, but it seems she wants their $44 million Manhattan apartment and one of their yachts.  Custody and child support agreements will also have to be sorted out.

Deng has a reputation of being a gold digger who used an American businessman Jake Cherry, to get her "green card."  He brought her out from China under the condition that she would study English in his home with his wife and children but Cherry divorced his wife and married her.

Divorce records show that the Cherry-Deng marriage lasted two years and seven months which was seven months longer than required for Deng to obtain a "green card", allowing her to live and work in the US as a resident alien.

There were also serious concerns about Deng's future motives - many believed she would make a power grab for News Corp. Murdoch's announcement in 2006 - that their two daughters Chloe and Grace will never have the same voting rights as his other children - sent his wife into a rage, and she's still fuming.

If Rupert Murdoch can't tie his clever wife up with one pre-nup and two post-nups, there's not much hope for the rest of us.